Both Sides of the Table

MAY 25, 2013

I rest my case. But as an LP you can’t count on that any more than VCs can. The goal of an LP is to get into the top decile. When it went to raise its fund 10 years ago the rumor was that many LPs were disappointed with recent returns and did not re-up. In 2000 our industry had more than $100 billion in LP money.

LP 374

LP Later Stage IRR Term Sheet 374

BeyondVC

JUNE 29, 2005

Every year the Dow Jones Private Equity Analyst puts together a show where fund managers can listen to what the LP community is interested in and where they plan on allocating their dollars. In the early morning, a show of hands revealed about a 20% LP audience and 80% fund manager group.

LP 60

LP Private Equity Due Diligence Venture Capital 60

Both Sides of the Table

APRIL 14, 2021

Tuesday I had hoped to work out in the morning but an LP from the Middle East asked for a call and given time zones 7:30am was the best time so once he asked I mentally switched gears and told myself I would run later in the day. Now, I know people will be thinking “you’re supposed to rest one day / week.” True, true.

LP 332

LP United States Community Restful 332

Feld Thoughts

AUGUST 6, 2018

While I don’t have portfolio level stats for them, their new endeavor Foundry Next (to invest in smaller funds and then follow-on into key investments) has built up an LP basket of 23 positions in a variety of new VC funds. We have always believed that great companies can be created anywhere.

North Dakota 70

North Dakota Southern California San Diego Indianapolis 70

Feld Thoughts

JULY 28, 2014

On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. As a partner in one of the most visible VC firms in Colorado and an LP in many of the Colorado VC firms, I’ve never heard from Matthew or anyone from the SBIC.

SBIC 142

SBIC Venture Capital Colorado SBA 142

Feld Thoughts

OCTOBER 10, 2013

The rest of our interactions are continuous and real-time, including almost all of our investment decisions. I’m guessing that Jamey was the LP in the post that Jo is referring to, since the principles of business love, that Jo refers to, are exactly what we talked about. Once a month we have a full-day offsite.

LP 152

LP Venture Capital Conversion Restful 152

conversionxl.com

FEBRUARY 4, 2014

The opinion they’ve subconsciously formed in between 1/13th to 1/50th of a second will influence every decision they make for the rest of their time on the page. Do This: Ask if your CTA (and surrounding area) clearly says what it does, triggers a response, and is designed in a way that contrasts with the rest of the site.

Analytics 98

Analytics Software Review Conversion Video 98

YoungUpstarts

NOVEMBER 18, 2018

The costs associated with patenting your technological or creative boon, successfully bringing your product to market and compelling larger companies to come to the table and negotiate a royalty deal rests in how you proceed. and Alarmforce LP, SkyBell Technologies, In August Home Inc.,

Intellectual Property 157

Intellectual Property Forecast LLC Acquisition 157

Austin Startup

DECEMBER 12, 2017

Cindy Revol, Joe Beard and Anurag Jain from Perot Jain, LP We received a warm welcome from Trey Bowles when we first came to Dallas and there have been many others who have opened their arms to us since. Perot Jain, LP is an early stage venture capital firm founded by Ross Perot Jr. Ross Perot, Jr., About Perot Jain, L.P.

Dallas 48

Dallas San Antonio Houston Texas 48

Both Sides of the Table

OCTOBER 18, 2015

I spoke last week at the annual Cendana VC/LP conference. My presentation from the Summit can be downloaded here and the embed is below but the summary message is the rest of this blog post. [note: I now publish and respond to comments on my public Facebook page. If you’d like to follow me there my FB profile is here ].

IPO 150

IPO Venture Capital LP SEC 150

Haystack

MAY 5, 2018

You are your own LP and GP. Yes, you can join a big firm and salaried quickly, but for the rest of the options here, one needs to fight for capital, fight for flow, fight to get into the right companies, and so forth. Note, everything comes with a catch… Angel Investing. New investors can build their portfolio this way.

Salary 76

Salary LP Portfolio Venture Capital 76

Hunter Walker

MAY 18, 2015

The basis for modern portfolio theory rests on the power of diversification. Is this something you’ve thought about as part of Irvine’s investing strategy? Does diversity explicitly come up in discussions with your GPs? Diversification can come in many forms and flavors beyond the garden variety, including gender.

LP 48

LP Portfolio Early Stage Institutional Investors 48

The Equity Kicker

JULY 16, 2012

The rest of startups should size their fundraisings to allow their investors to make a decent return at an exit valuation commensurate with the opportunity size which can be credibly defended at the time of investment. I think this is a really important point and one that is not widely understood.

LP 105

LP Early Stage Valuation Differentiation 105

This is going to be BIG.

JANUARY 9, 2012

This is what movie studios and the rest of the SOPA supporters need to do. Well, Senator, a group of 83 prominent internet investors and engineers wrote an anti-SOPA letter to you and the rest of Congress in December. Technology and the internet is inherently pro-consumer, because it empowers us and gives us more choices.

IP 131

IP New York LP Internet 131

Babbling VC

JULY 21, 2011

Tier 1 VC's have established themselves and then you have the rest. You're either Tier 1 in the VC world or you're "the rest". Being the rest sucks.be you see all the dealflow first and you get your crack at the best business cases before the rest and 2.) Forget calling them Tier 2 or Tier 3.

Europe 74

Europe LP Venture Capital Restful 74

David Teten

SEPTEMBER 2, 2017

So I would start by sharing with the fund an institutional LP due diligence checklist , and ask them to share their data room with you. If you are one of six in the LP relationship area, you will have less leverage than if you are a new hire with the only European LP relationships.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

Both Sides of the Table

JANUARY 16, 2012

You need to build genuine relationships with these portfolio startup founders as well as trust with them and the rest will follow. I once had an LP tell me that when Sequoia fund raises they place the first call and say “we’re closing in 6 weeks – you need to decide quickly if you want an allocation.”

Developer 366

Developer Silicon Valley PR Las Vegas 366

Babbling VC

OCTOBER 19, 2013

Even if you are good, you are already competing against rest-of-world funds and I hate to say it.other regions are simply more attractive for the LP''s (investors in the venture funds). There''s a huge problem in this country when it comes to funds and their ability to survive.

Germany 74

Germany LP Early Stage Incubator 74

Startup Lessons Learned

AUGUST 10, 2011

The LP's that fund booms are, after all, pension, municipal, and sovereign wealth funds. Most people didn't really expect my answer to be about the Build-Measure-Learn feedback loop and all the rest of the Lean Startup methodology. For a while, startupland can stay insulated from these broader forces, but not indefinitely.

LP 168

LP Incubator New York Programming 168

Feld Thoughts

MAY 8, 2012

We are geographically agnostic – anywhere in the US – about 33% of our investments are in Colorado, about 33% are in California, and the rest are spread around the US. We don’t expect anything for this other than a role as a typical LP, but we view it as increasing the seed ecosystem.

Seed Stage 138

Seed Stage LP Warrant Syndicate 138

Hunter Walker

MAY 2, 2016

I’ve written before about our LP meetings – if you want to check those out before hearing about 2016’s version, here you go: Homebrew Annual Meeting 2014. ” To still be in the early years of something we intend to do for the rest of our careers, having started a firm built upon shared values.

Advisory Board 48

Advisory Board LP Institutional Investors Portfolio 48

Hunter Walker

MAY 2, 2016

I’ve written before about our LP meetings – if you want to check those out before hearing about 2016’s version, here you go: Homebrew Annual Meeting 2014. ” To still be in the early years of something we intend to do for the rest of our careers, having started a firm built upon shared values.

Advisory Board 48

Advisory Board LP Institutional Investors Portfolio 48

Agile VC

JULY 19, 2012

Back in the 2000-2001 timeframe, a flood of LP capital was coming into the VC asset class given the strong returns of the mid-late 90s tech boom/bubble. But in observing great VC firms over the decades, all of the above both support the core mission of backing great entrepreneurs and distinguish great firms from the rest of the pack.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

Feld Thoughts

JANUARY 28, 2015

I’m in for $100,000 so you’ve got your first LP. All along the way our relationships with David, Mark, and the rest of the Techstars team continues to be magical. .” David: “Do you really think I can do that?” ” Brad: “Absolutely – you’re a great investor.

LP 70

LP Seattle Angel Investor Partner 70

Professor VC

NOVEMBER 19, 2009

I attended the annual LP meeting for a venture capital firm this week and got into a discussion about the above question. However, for most of the rest of us, the analytical skills honed in college or grad school, along with the opportunity to network and explore different fields prove invaluable later. ProfessorVC.

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

Babbling VC

NOVEMBER 28, 2011

You're a VC and LP's can't make up their minds and keep telling you to come back once you can show more? The market is hyper-competitive and you have to outshine the rest. If you're a start-up and that VC is taking forever to make up their mind, cancel them. Go get someone else to invest. Well, you probably suck.

LP 71

LP Valuation Aggregator Venture Capital 71

Rob Go

JULY 25, 2011

Of our 13 portfolio companies, 10 had/have formal boards during the seed stage, and the rest had a more informal structure. . ” Remember, we all tell our LP’s that we are immensely helpful to our portfolio companies, so make us follow through on that! Make investor communications short, but frequent.

Due Diligence 38

Due Diligence LP Seed Stage Portfolio 38

K9 Ventures

DECEMBER 10, 2011

There are more venture capital funds, micro-VCs, super-angels, angels and incubators in the valley than probably in the rest of the world combined (exaggerating to make a point). Likewise if you’re an LP, you have to make sure you have reasonable exposure to Valley investments. It’s a simple density/deal flow issue.

Silicon Valley 124

Silicon Valley San Jose Portfolio Cofounder 124

K9 Ventures

DECEMBER 10, 2011

There are more venture capital funds, micro-VCs, super-angels, angels and incubators in the valley than probably in the rest of the world combined (exaggerating to make a point). Likewise if you’re an LP, you have to make sure you have reasonable exposure to Valley investments. It’s a simple density/deal flow issue.

Silicon Valley 112

Silicon Valley San Jose Portfolio Cofounder 112

Startup Lessons Learned

MAY 4, 2021

ER : And the rest, as they say, is history. Due to their bylaws and LP agreements and things, they can only hold public securities, like in the traditional sense. But basically from that moment, we struggled to keep up with the demand as opposed to trying to create more demand. And that was the moment where we found product market fit.

IPO 113

IPO Cofounder Technical Review Government 113

This is going to be BIG.

SEPTEMBER 7, 2012

I know, because those people all used to pitch me as an institutional LP back in the day. Some of this thinking is also driven by folks who aren't well connected to the rest of the later stage venture community.

Later Stage 99

Later Stage Down Round Pre-Money Valuation Early Stage 99